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's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a difference, especially to the most vulnerable americans? >> yeah, i think
as lawmakers continue to scramble to get a fiscal cliff deal done. rich edson has the latest. rich: they are considering legislation here in the senate today. president obama says he called to talk to congressional leaders, democrats and republicans, last evening. there is no progress here to report. president obama put it all on the house. >> they are operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority to get what they want. if the 250 would be brought up, it would pass overwhelmingly speaking that 250 he is discussing that would keep tax rates where they are for income amount for less than $250,000 increased those earning more. house speaker says senator reed should talk less and legislate more. senate democrats have not. they want to extend all the current tax rates and avoid some of the spending cuts. democrats are on their opening offer. they basically have not moved anywhere. there is less than a week to go. >> senator reid talking about a less than $250,000 limit. speaking right. exactly. liz
asked you, in light of the president's remarks, will the fiscal cliff deal get done? 33% say yes, 67% say no. >>> coming up, federal unemployment benefits are set to expire tomorrow unless congress acts. john nichols joins me to talk about the millions of americans that will be impacted, next. there is no mass-produced human. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus special financing through new years day. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant >>> this has been the toughest year, probably, in my entire life. remember, these are people. it's not just numbers on a piece of paper. we are actually human beings, suffering out her
a fiscal cliff deal done. but now republicans are asking from where? we're going to talk to republican senator bob corker next on "morning joe." i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. ♪ >>> live look at the white house as the sun comes up over washington. it is 15 minutes past the hour. welcome back to "morning joe." we're here today because there's no deal and we are hours away from the fiscal cliff. here with us now, republican senator from tennessee and member of the senate banking committee, senator bob corker. senator, thanks for being on the show. we appreciate it. >> good morning. >> robert gibbs was characterizing many republ
chief correspondent ali velshi. >> alison, i have no idea whether we'll get a fiscal cliff deal done or not. i do have a pretty good idea as to how we got into this gigantic pickle in the first place. >> now we've passed a bold package of tax relief for america's families and businesses. >> it starts when then president george w. bush initiated a series of tax cuts for all americans, but it's a deal with the devil. the cuts, which are politically expedient, but costly to government expire in ten years time. >> both houses of congress have now passed a package of tax relief that will protect the middle class. >> when it came time for the cuts to expire, the u.s. is just emerging from the worst recession since the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permane
holiday. any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's comm
this morning's "washington journal." host: our topic is the fiscal cliff. of we have done for last several sundays, we welcome the policy director for the concord coalition and a columnist for roll call newspaper. thank you for coming back. stan, as we stand on the edge of the fiscal cliff, is there any chance we do not go over? guest: we are relying on a senate that has been dysfunctional and avoided a filibuster when it will be really easy for one or more senators who do not like tax increases to just filibuster round and we are relying on a house that could not take the lead. it's important to state that while the official deadline is the 31st, the true this congress can continue to worked until the new congress comes in january 3rd. we have more like three days. host: joshua gordon, are we going over the cliff? what will it mean if we do? guest: in some sense, we will even if they reach a deal. this is something when you look at the contours' of the deal that have been talking about, there will still be a lot left for future decision making. even if they are able to extend taxes for th
government. host: can you take us through the next 48 hours on this debate on the fiscal cliff? what needs to happen? caller: ok. i say, the president should be willing to come up to $300,000, as far as tax increases. we need revenue. $400,000, some people make that. we need revenue. the only way to get it is to get it from people who actually have the money. there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen, those are so important. people are talking about i do not want children paying the bill. they will need social security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election, right? host: thank you for the call. i want to take you through some of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the next couple
get done on the fiscal cliff. negotiations continuing behind closed doors to avoid some of the the most painful tax hikes and spending cuts in our nation's history. at least one republican congressman believes the president really wants the nation to go over the cliff, he so tax rates can rise. joining me now for his take on what's going on, live from the hill right now, house budget committee member, republican south carolina congressman mick mullvaney. thank you for being with us. >> thanks for having me. >> harris: this would be quite an acting job if he really in the end wants us to go off the cliff. >> politicians are good actors. and not only the last couple months, but years, his omb, budget, the money necessary to run the programs he wanted and nancy pelosi tells me there are members in her caucus wants taxes to go up and howard dean not shy saying that taxes should go up on everyone for months. there's a major part of the democrats who want the rates to go up and are public about it. the question, does the president have the interest to stand town that part of t
is it going to take to get congress to compromise and get a deal done on the fiscal cliff? from washington to all around the country americans are fed up. >> this whole thing is a national embarrassment, an embarrassment to the president, an embarrassment to both sides of the aisle and both the house and the senate. >> the election is over. you got your seats. you're re-elected. congratulations. you have a job. now work and do it. >> fiscally irresponsible decision trying to please everyone and you please no one at all. >> they've got to work together. >> they appear to be very self-centered. >> joining me now retired admiral and former democratic congressman joe sestak of pennsylvania and msnbc contributor and former bush/cheney senior adviser robert trainum. kelly o'donnell has just reported some of the latest information. we heard there was progress overnight and we understand vice president biden and republican leader mitch mcconnell exchanged phone calls until about midnight and their aides then continued to work and we've been reporting the various areas of progress including the fac
're going to end up with a small, kick-the-can, down-the- road bill to make another fiscal cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could have crippled operations at port and including the port of baltimore. in a statement today, the maryland governor martin o'malley wrote, quote, the port of baltimore continues to be a major part of the state economic strait generating and supporting thousands of jobs. during the extended period, we hope long-term resolutions can be reached for the hardworking families who depend on jobs and commerce linked to the port of baltimore. >>> to the state of the skins. it's the hottest ticket in town. the redskins play host sunday ni
48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off for this one. a newspaper publishing gun owners names not backing down. and what county they have now. >> dave: and put the glasses on to read. >> clayton: put them on for this part. "fox & friends" hour three starts right now. >> juliet: yes. ♪ >> here, i just looked at my twitter and it's blowing up with people yelling at me for having my tissues behind here. >> dave: etiquette, juliet in for ali. >> juliet: first of all, i have a cold. i can't reach back like this to grab my tissue box, i take a few and put them right here. everybody okay with that? everybody okay with that. >> clayton: talking in the manners section. >> juliet: they're clean
for an 11th hour fiscal cliff showdown. just four days remain to got a deal done or massive tax hikes and spending cuts kick in on tuesday. >>> the u.s. embassy clearing out of an african nation this morning. deteriorating security has forced the u.s. state department to temporarily success spend operations. the country's president has asked france and the u.s. to help stop rebel advances that thre threaten. >>> the jockeying has begun. massachusetts congressman ed markey throwing his hat into the ring. kerry's seat expected to become vacant if he goes on to become secretary of state and that is expected. a special election would be held early this summer. >> mom and pop shops across the country are bracing for a labor fight that could cripple their business. more on the key workers that could walk off the job. >>> plus, dr. mcdreamy to the rescue. patrick dempsey steps in to try and save hundreds of jobs. we'll tell you how. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin'
is the one you mr. use regularly. >>> minutes ago we brought you updates on the fiscal cliff. the president is getting ready to speak. >> above all protect our middle class and everyone driving to get into the middle class. i still want to get this done. it's the right thing to do for our families, for our businesses and our entire economy but the hour for immediate action is here. it is now. we're at the point in four days every american's tax rates are scheduled to go up by law. every american's paycheck will get considerably smaller. and that would be the wrong thing to do for our economy. it would be bad for middle class families and it would be bad for businesses that depend on family spending. fortunately, congress can prevent it from happening, if they act right now. i just will a good and constructive discussion about how to prevent this tax hike on the middle class. i'm optimistic we may be able to reach pan agreement that will pass both houses in time. senators reid and mcchon nell are work -- mcconnell are working on such an agreement as we speak. but if an agreement isn't reache
republicans they have done their job. they passed a bill months ago to avoid this fiscal cliff. now, that bill has been come meetly ignored by -- completely ignored by senate democrats and by the president. number five the worse part of all there is nothing here that the president is proprosing that deals with the real clear present danger that america now faces. reckless borrowing, reckless spending generational theft that brings america to the point of bankruptcy. the president has given the country over $6 trillion in new debt. trillion dollars deficits as far as the eye can see and all he wants to fight for is higher taxes that will fund a mere 8 and a half days of government. frankly nothing but a pathetic disgrace. you the american people deserve a government that lives within its means. you deserve a government that is not obsessed with using your money to accumulate their power. it is time for americans to understand the simple truth of what is going on here. a truth by the way that an abusively biased news media just ignores. joining us now with reaction as america is on the brink rep
to be resolved in a way that actually fixes the problem, not just postpones the fiscal cliff for another six months or another year. that doesn't resolve it. so our push us, why we tried to get this done in may of this year, rather than in december, is to say, we need to fix the problem. let's focus on that. jon: james langford is a republican from oklahoma. now our viewers no why you're on the republican policy committee today. good of you to join us. >> thank you. harris: we know this from the headlines. the cdc has had a rather busy year keeping us all safe. we'll look infections, diseases viral outbreaks, remember west nile this summer? put the centers for disease control in the news over the past year. >>> if your mom told you not to climb trees she needed to say it louder to this buy. look at this. an update on the man who had to be rescued after guesting three store i ares up a massive palm tree. how do you even climb a palm tree? jon: very carefully. harris: very carefully. great. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even d
is pooled them together -- a compassionate alternative to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a comprehensive solution to put our fiscal house in order. something along the lines of the bowles-simpson planned. perhaps this will not only soften the blow, but also give us a sense of urgency about a grand bargain to repair our fragile house. i'm not so naive as to believe everybody will check their politics at the door. even at this late hour. but this is not a time for politicking, bickering, or partisan games. to allow the country to plunge over the fiscal cliff without any alternative plans to solve -- soft and the landing is completely unacceptable. i cannot think of anything more irresponsible than to let this great country go over the fiscal cliff. to play games with the lives of americans in such a callous way. to jeopardize the financial standing of our country and to alarm our financial markets in ways that could trigger another recession -- something has gone terribly wrong when the biggest threat to the american economy is the am
to fiscal cliff. >> this is like taking your child hostage and saying to somebody else i'm going shoot my child if you don't do what i want done. there is no republican lead they're wants to default on our debt. >> eric: that is a different story. not the fiscal cliff. that is debt ceiling debate we were talking about. he says give us a checkbook and taking a shot at republicans. that is different from the fiscal cliff. >> andrea: they are intertwined. not separate entities. i point out is the language he used. con plaited republicans holding their children hostage and murdering them. imagine if the republicans said that. you have don't hear about it. you hear about it here. >> kimberly: because we put it on fox news. i like to play a game called seal a new deal. go around the table. >> andrea: taken. >> kimberly: it has? >> andrea: yeah, sorry. >> kimberly: we play this and begin with you. let me know what you think. deal or no deal by the time of the deadline? >> no deal. meeting with the political theater. >> kimberly: andrea? >> andrea: no deal. >> kimberly: he doesn't want one. he is
boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john boehner has done here is a debacle for the republicans. and the white house, they've just been sitting back the last week or so and letting it happen. but today, they gave us their plan going forward. you could call it deal and jam. >> i'm optimistic we may still be able to reach an agreement that could pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time, between senator reid and senator mcconnell, than i will urge senator reid to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax h
something done so we'll be on fiscal cliff watch on fast money. hopefully we'll have a deal to talk about. it's also about 2013 trades. predictions on the commodity front. top trade in the internet space. all of our traders will be prepared to give their top trades, as well. and of course we have broadcasting tonight in times square, heart of the biggest party in the universe. >> good luck getting home. >> really. >> have a great new year. >> thank you. you, too. >> we'll see you in 2013. here's what you missed if you're just tuning in. >>> welcome to hour three of "squawk on the street." here's what's happening so far. >> the real question is whether or not the president will weigh in and push the democrats in the senate to move forward with a bill today. if that happens, then i think that we can solve this current challenge. >> we ought to be concentrating on how to get government out of the way. get them off the back of small and medium sized businesses, even large corporations. let our economy grow. >> the economy is an incredible ability to self heal itself, but why want to take that
of the issues the parties said they were concerned about leading into the fiscal cliff. the payroll tax cut is going to expire. no one is talking about extending that. that is the one that gives the biggest bang for the buck. host: if a deal does get done, how much of the cliff aristo going to be staring at? guest: you are staring at one cliff, the payroll tax cut going away. that is 3% of every wage earner up to $100,000 or so. that will have a big economic impact. you are approaching the debt ceiling cliff which will be another standoff. i assume that is where we will get into the discussion of spending cuts that seems to be absent from whatever deal they are talking about. guest: if there is no deal, the full tax cuts go away. the tax increases and spending cuts will go into effect. about iran fiscal policy given the time. but something in between. maybe the minimum of $200 billion and the maximum of $600 billion. host: some statistics with several charts on how it affects you in your income bracket. the richest 20% with scene increase of about $20,000 increase in taxes owed. for those m
is to blame for last minute negotiations ahead of the looming fiscal cliff. >> so far, at least, congress has not been able to get this stuff done. not because democrats in congress don't want to go ahead and cocooperate, i think it's bn hard for speaker boehner and leader mcconnell to accept the fact taxes on wealthiest americans should go up. we have put forward not only a sensible deal, but one that has the support of the majority of the american people, including close to half of republicans. >> let's get to the strategy talk. a pleasure to welcome these two gentlemen. joe sestak and former republican congressman and chairman tom davis, thank you both for being here. >> i was talking to you all during the commercial break. you said if it was up to you two, what would you do. what would your solution be right now? not the deal, the politics of a deal. >> we have to set politics aside. both parties need to look in the mirror and say what do we do for the good of america? set aside the money that is going to be taken out if we don't act. that means the gdp will grow 0% next year if we don't
to work now, businesses are a little more confident. but this is really important. this fiscal cliff san important element in economic recovery. i hope we can get it done. >> i think everybody out there agrees that they hope you get this done, a lot of frustration out there as you can imagine, i'm sure you hear it as well. thank you. thank you for joining us. i appreciate it. back to you. >> dana bash, as always, appreciate that insight. >>> if the government does go over the fiscal cliff, you know what the rest of the world is going to feel it as well. we will tell you how and where, coming up. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. >>> all day i we have been following developments on the fiscal cliff talks. right now, senate leaders at an impasse over tax hikes and they are running out of time n just two days, those massive tax hikes and spending cuts will kick n so, let's go now to jessi
the fiscal cliff. it's a cliff that lawmakers built. they set the tuesday deadline, they knew it was coming for more than a year. but even now, they have done little to agree to a package before that time. keeping them honest, the people in this building have known what's coming on tuesday, yet they're only returning to this building to get back to work just now. senators came back yesterday. house members, well, they woet be back until sunday. this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards, president obama said he was modestly optimistic. bypassing house speaker john boehner who had trouble getting his fellow republicans to agree to anything, the president called on senate majority and minority leaders harry reid and mitch mcconnell to work out a deal and then present it to a house. he also laid out a scaled down mini deal if they can't manage it. >> if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor, and i have asked senator reid to do this, put a bill on th
is that most people here think that if anything is going to get done before the fiscal cliff deadline, that it won't happen until the pressure is on, on or around december 31st. that's practically and probably why what we saw today was suspended animation. this is one place in washington free of gridlock.baristas are writing the words, "come together" on customers' coffee. >> people are tired that congress can't come to a compromise or agree on anything. >> reporter: but even that doesn't seem to be moving lawmakers. >> taxes are approaching the wrong direction. come the first of this year, americans will have less income than they have today. >> reporter: senate democratic leader harry reid, back from christmas break, was highly pessimistic about passing anything to avert the fiscal cliff and keeping all americans' taxes from going up january 1st. >> i have to be very honest, mr. president. i don't know, time wise, how it can happen now. >> five days until the fiscal cliff, and both sides are engaged in legislative and political chicken. the president called each of the four congress
that we are able to resolve this and get it done without taking this nation over the fiscal cliff. minimally, our caucus is unanimous in our support and responsibility to take a vote in the house of representatives. with that, i turn it to our vice chair. >> we do have votes -- i'll be brief. i will simply state that the house majority called us back for votes. today believe voting -- votes are beginning as we speak. our understanding is that none of the votes we will be casting today have anything to do with the deadlines that we face in slightly more than 24 hours. we are here, we are ready, we believe there is a bill that would help address some of these deadlines that we face and the fiscal consequences of not ask -- acting on these deadlines before us. that is the bipartisan-passed bill that would protect middle- class families, many tax increases. one way or another we should get something done. the american people have asked us to do that. i know my colleagues have heard what i heard. i've heard from friends and family, from constituents back home. just get it done. we have
a blank check over to democrats because we're on the edge of a fiscal cliff. and harry reid coming down and essentially tearing apart mitch mcconnell saying speaker boehner couldn't pass plan bmpld, you guys haven't done anything. show us where your cards are. what's interesting though is, karen, is what we know about who the house republicans are going to do. they're going to come back at 6:30 p.m. on sunday. eric cantor told them to be prepared to be in session through january 2nd. so remember yesterday we talked about optics, how bad it was for them to look like they weren't going to be in washington, d.c. they no longer have that problem. john boehner, one member who is on that conference call earlier today, told me, he said we're going to see what the senate has to do and what they will give us. he also made clear that he would not be comfortable putting a bill on the floor that would need all democratic votes to pass and only a handful of republicans. meaning as of right now, john boehner is sticking by the hastert rule. that's very significant because he feels that maybe they get
that looming fiscal cliff. >>> and at 70 years old he is out to do something few have ever done. he is doing it while battling cancer. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. [ tylenol bottle ] me too! and nasal co [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. and this is the nokia lumia 920 from at&t. it's
morning talk show. the president is giving an interview to nbc's "meet the press." the fiscal cliff and the president's plan to avoid it are expected to be the main focus of that interview. >>> investors on wall street are nervous about the looming fiscal cliff deadline which is just three days away on. friday, stocks closed lower for a fifth day in a row ending the week down by 2%. >>> the conservative wave that swept the tea party into power two years ago may be headed back out. as the country teeters on the fiscal cliff, some tea partiers seem ready to compromise on taxes. here's jim acosta. >> reporter: for the tea party, change is brewing on capitol hill. florida republican alan west who rode the tea party wave in congress two years ago only to be swept out in november has already lost its office which is being prepped by painters for its new occupant. >> they say he's an outsider, a reformer. >> reporter: another tea partier, kansas congressman tim huleskamp, was booted from his seat on the budget committee he believes to john boehner wanted to send a message, to get in line f
the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader reid said today that it looks like the nation is going to go over the fiscal cliff, but that may just have been bluster, jeff, to try to put more pressure on republicans. >> glor: so, nancy, the house coming back on sunday. is that a good sign? >> reporter: well, it is in the sense that if the senate does manage to pass something, the house would be here to vote on it, as well. originally, speaker boehner had told his members that he would give them 48 hours' notice if they were needed back here at the capitol, but there was a recognition, i think, that it just looked bad for the house to be gone when we were so close to the fiscal cliff deadline. >> glor: nancy cordes, thank you. major garrett has been following developments at the white house. major, what is the president's next move? >> reporter: it is not a breakthrough but it is a glimmer of hope. officials tel
fiscal cliff. senator corker has done some very good work over the last several months in a variety of areas in fiscal matters. a proposal of his that has attracted my support which he will describe is a proposal to help make the medicare program solvent by reducing the growth of out-of-control spending by nearly $1 trillion in exchange for the expected request from the president for a $1 trillion increase in the debt limit. taking these two provisions together over the next few weeks will provide certainty for the economy, will be the linchpin for a budget agreement that will get the economy going again. republicans and the two of us have said we are ready to do a whole variety of things to do this, but we have to address the medicare fiscal cliff, or the seniors or soon thereafter young americans will be pushed over the cliff and will look at us and wonder why we did not do anything. i am proud to join the senator in support of his proposal, and i would like him to describe it and say whatever he would like to say. >> thank you, lamar. it is a tremendous pleasure to serve with lam
. for more, head to nbcwashington.com, and search fiscal cliff. >>> a 24-year-old woman is under arrest in connection with the ambush attack that killed two firefighters in webster, new york. done nguyen of rochester is facing federal charges. police say she shot the semiautomatic rifle and shotgun that wrim spangler used to shoot four firefighters on christmas eve. spangler later killed himself. he was convicted of killing his grandmother back in the 1980s. as a felon was not allowed to even own a gun. >> they're notorious for no background checks. >> protesters made their voices heard outside the nation's gun show at the dulles expo center. two weeks after the deadly shootings in newtown, krk countering, lines at the center stretched far into the parking lot. gun show attendens and gun sales have been on the increase since the new town shootings as gun rights activists worried about tightening rules. >>> in district heights, neighbors held their own vigil. 24th doesn't interrupt anyone, but still made their presence known. prince george's county bureau chief tracee wilkins is live wit
president obama is about to give a statement on the fiscal cliff. >> we also want to ask the wealthiest americans to pay a little more. it affects everyone striving to get into the middle class. i still want to get this done. it's the right thing to do for our families, for our businesses, for our entire economy. the hour for immediate action is here. it is now. we are now at the point where in just four days, every american's tax returns but rigid schedule to got by law. every americans' paychecks will get considerably smaller. that would be the wrong thing to do for our economy, middle-class families, and it would be bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act now. i just had a good and constructive discussion with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we still may be able to reach agreement that can pass both houses in time. senators reid m. mcconnell are working on such an agreement as we speak. if an agreement is not reached in time between senator ree
that gets done, we go over the fiscal cliff or the obama cliff and everything that gets kicked into gear, higher tax rates, some of the spending cuts, sequestration, probably good for the economy, which i believe is, but also he can come back in after the first of the year, sometime in january or february and say, let's pass some tax cuts for people making under $250,000 a year, like i've wanted to do all along and he gets to own tax cuts. it's very, very politically senator to do this on his part. on right, they really, really needed to be one voice and they just couldn't get to that. >> kelly: he divided the republicans as charles krauthammer alluded to, saying that's what the president wanted to do, to divide the republicans. senator john barrasso has something to say about the president, saying he may have wanted to do this all along, go off the fiscal cliff. >> i think that he sees a lot of cuts to the military, which the democrats have been after for a long time. and then he gets to do what he loves to do, which is blame republicans. my concern is that i actually see financial pro
. >>> president obama heading back to washington to tackle the fiscal cliff today. he will get to d.c. just as the house and senate expected to reconvene tomorrow. not much time left for a notoriously slow-moving washington to get something done. brianna keilar following the drama from honolulu, hawaii. she's there with the president. what is the latest. >> president obama is officially cutting short his christmas vacation and heading back from hawaii. tonight, hawaiian time, early in the morning on the east coast and returning to the d.c. area on thursday. as the senate is set to reconvene and all eyes really are looking there to see what senate majority leader harry reid can cobble together in order to get republican support to avoid the fiscal cliff. he'll also have to put together something that will get republican support in the house. this is a last-ditch effort and will be obviously very difficult if it succeeds at all. at this point, the white house still wants that threshold for income tax rates to be at 250,000. it's unclear, exactly what the senate proposal is going to look like.
any sort of negotiation with the president to avoid a fiscal cliff. and the larger issue is that the national populous as a whole wants to see congress get stuff done. they want the accomplishments. so it works for republicans in some statewide races, mostly not but it's not a national agenda. >> allow me to reintroduce myself as a tea party spokesperson. what they say is they are a governing party. you said they're not. they say they are a governing party and they right now are causing the government to completely rewire the way that it deals with the deficit. and they say that there is pain in that process. but the long-term debate and the reason why they don't need to be inside the meeting room is they've got so many of the people in that room afraid of them that we are having a debate between how much to cut the deficit and not to do jobs or stimulus and the things paul reuben talks about. >> they've had an impact, but it's not a governing agenda in terms of accomplishments that would get to their goal of deficit reduction and long-term economic growth. >> on that poi
way next. what's coming up? >> thanks, thomas. we have the latest on how the fiscal deal could get done and why house republicans could think their best bet is to take their ball and get home. we will walk the cliff. tom ronafaruhar and ben white. plus, one man could hold the key to a successful second term for president barack obama. senator jeff murphy will join us to explain why before the senate does anything, it has to reform the fill la buster. and we will look at this debate that has been prompted by the movie "zero dark 30" with professor, author, and emmy award winner. all that starts in just three minutes.
alternative to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a comprehensive solution to put our fiscal house in orderings something along the lines of the simpson-bowles. we don't have that luxury right now. but perhaps it will only soften the blow of the fiscal cliff but also give us a sense of urgency about a grand bargain to repair our financial house. i am not so naive aso believe everybody is going to check their politics at the door, even at this late hour, but this is not a time for politicking, bicking or partisan games. to allow the country to plunge over the fiscal cliff without any alternative plans to soften the landings completely unacceptable. i can't think of anything more irresponsible than to let this great country go over the fiscal cliff, to play games with the lives of americans in such a callous way, to jeopardize the financial standing of our country and to alarm our financial narcotics ways that could trigger another recession. something has gone terribly wrong when the biggest threat to the american economy is the ameri
already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building while feeding the soul. that is coming up. >> harris: 200 tornadoes tore through the southern united states in a single day last year, killing more than 300 people. one of those twisters chewed up the town of tuscaloosa, alabama. 65 people died that day. it was among the deadliest single tornado outbreaks in u.s. history and turned much of that area including a church there to rubble. now, more than a year later that community is just starting to rebuild. elizabeth prann is live for us. what do the church members have to do to go through the process? >> had to get reimbursements from fema and from the insurance companies but it was al
debate that is just around the corner. adam: oh, joy of joy. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if they do not extend the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it. jonathan he is talking about armageddon because of the debt ceiling. i would be terrified if i were not in the market putting my toe in this. there will have to be buying opportunity if people panic and sell. >> which market, adam? that can be the story of 2003 and headlines are obviously scary they have a tendency to sell stocks and buy bonds. that is the safe move. i think the reverse will be true in 2013 and stocks will look quite attractive versus bonds. a highly manipulated market government stepped in and tried to hold interest rates low. once inflation starts t
the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to that, they will call that kicking the can down the road, you know what martin, they are absolutely right. once again, we will kick the can down the road, but that's what happens, when you back yourself into a corner, we did this with the debt ceiling, we did this with the government shutdown, the way we do business now, we should get used to it, that's how things are done t is the 11th hour we need an 11th hour deal. 11th hour deals are never particularly good. everybody is going to give something up. i just hope they all prepare to give something up and get a deal. it is not going to be pretty. i will be here the whole time, i will be here monday morning to see what markets do >> real
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